Gifts would be classified as an unearned source of income
Answer – Elimination period
In insurance, elimination period refers to the time between the
disabling event (e.g. the occurrence of an injury or illness) and the beginning
of payments in the disability coverage (i.e. when payments of insurance benefits are received from the
insurer<span>)</span>
In the long run, the most important factor shifting the SRAS curve is productivity growth.
<h3>
What do you mean by productivity growth?</h3>
Productivity—in economic terms—is how much output can be produced with a given quantity of labor. One measure of this is output per worker, or GDP per capita.
Since 1947, the U.S. corporate sector has been able to create nine times more goods and services with only a little increase in labor hours thanks to productivity gains. An economy may create and consume more goods and services for the same amount of effort when productivity is growing.
Productivity is a way of thinking and a condition of being. Being effective entails acting in every situation as we actively choose to and not as we feel pressured to by external factors. Being productive requires adopting a mindset of constant development.
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Some of the likely things which a court would do if Tonya sues to enforce the contract are:
- 1. X not enforce the contract, because people are free to choose to whom they sell their property.
- 2. award monetary damages to Tonya.
- 3. require Shania to go through with the sale.
- 4. X grant specific performance by requiring Shania to find a comparable piece of land for Tonya at a comparable price.
<h3>What is a Contract?</h3>
This refers to the legally binding agreement which is entered by two or more parties based on terms and conditions.
With this in mind, we can see that because Shania wants to sell her lakefront to Tonya for $150,000 and they sign a contract but before they close the deal, Shania discovers that the property prices would go up and declines to sell.
In conclusion, if Tonya sues to enforce the contract, we can see that the contract would not be enforced, but Tonya would be paid monetary damages.
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